Many are choosing the most expensive they can afford on purpose.

MetLife was actually even more affordable in VT.

.🔹 Co-Living is Gaining Legal Ground:Colorado eliminated all restrictions on the number of unrelated adults living together statewide as of July 1, 2024, marking a major victory for co-living advocates.This week, Jacksonville Municipal Court ruled in favor of PadSplit, voiding citations for “illegal boarding houses” on constitutional and fair housing grounds.Cities like all over like Washington D.C. are considering zoning reforms to allow more co-living developments as an answer to the housing crisis.As Airbnb restrictions tighten, co-living is emerging as a scalable and legally sound alternative that balances affordability, tenant stability, and community needs.

*Affordable – Next, Phoenix has relatively affordable properties in comparison to other top metro areas such as Los Angeles and San Francisco, which means that investors have the chance to purchase homes at lower rates, thus increasing their profit margins.

Since I focus on cash flow, I already have the benefits afforded to real estate.

We started out kind of at the same time, and made similar money, both self employed attorneys with successful firms, but not huge money guys by any means.He looked at the LA/So Cal area, and said "none of this makes sense, you cant cash flow here so I am not investing here" and i said "I believe in so cal real estate, i will invest here, live here, and play the long game"So I started house hacking here in LA, and doing the more traditional deal. he rented in a place that he liked to live (by the beach, where nobody can afford to buy) and started buying stuff in Chicago, where he is from.He still rents here- but 10 years later, he owns 400 doors in chicago and could retire if he wanted to (but isn't).

I buy in upscale areas and my appreciation is much better than “affordable” SFH in the Midwest.

Most Canadians investing countryside seem to be moving their money into properties in MB, SK, or AB due to affordability and in AB's case the more landlord friendly laws.

Some areas worth looking into:Centrally located neighborhoods like Alhambra and parts of Maryvale still have affordable properties with strong rental demand.West Phoenix (Tolleson, Avondale, parts of Glendale) offers good price points with room for appreciation.South Phoenix is seeing a lot of development and has solid long-term potential.Mesa and pockets of the East Valley can work, especially if you find something that needs light rehab but has strong rental demand.It’s definitely tough to get both cash flow and appreciation in today’s market, but if you’re strategic with your buy, rehab, and financing, BRRRR is still doable in Phoenix.

Ultimately, it comes down to underwriting and the ability for the property, and you, to afford to pay the monthly expense of the loan.